Greenidge Generation fossil-fueled Bitcoin mining operation, Yates County, New York. Yet the damage it has caused to Seneca Lake’s environment has become the focus of an extreme controversy. Local residents, environmental advocates and state officials have long trumpeted the operations of the plant as detrimental. Some of these operations even...
The Greenidge Generation crypto mining facility as seen on July 22, 2021, in Dresden, Yates County, New York. It continues to be at the focus of today’s hot debate. Unfortunately, this facility is currently powered by fracked natural gas. It has drawn fierce criticism for its huge carbon emissions and...
The cryptocurrency space moves at breakneck speed. Just last week, stories broke about an American Bitcoin firm — one of whose corporate leaders is actually a member of the Trump family — that commanded some 8,000 media mentions. A substantial $220 million funding round has sparked discussions about its potential...
American Bitcoin’s new series of preferred shares have so far raised $220 million in initial funding through a private share issuance. The company has deep ties to the Trump family. It intends to leverage the majority of the capital to purchase Bitcoin and fund the acquisition of mining equipment. This...
The Bitcoin network evolves in real-time to ensure the viability and protection of its ecosystem. One of the most important mechanisms to do so is the mining difficulty adjustment. For the first time in two years, Bitcoin’s mining difficulty just saw a big decrease. This article will break down what...
Bitcoin mining difficulty just had a major 7.5% drop on Sunday — the biggest negative adjustment since July 2021. This decline occurred at block height 903,168. This was largely due to mining sites throughout the U.S.—especially in Texas—suspending operations because of early summer heatwaves. This change comes on the heels...
This is important because cryptocurrency and blockchain often intersect with some of the more nefarious corners of our online lives. A big recent bust by India’s Narcotics Control Bureau (NCB) underscores this grim reality. Code-named “Operation MELON,” this high-stakes probe resulted in a surprising breakthrough. Our agents were able to...
And the XRP Ledger (XRPL) has never been stronger. It now has more than 6 million accounts, that’s a 24% increase in just one quarter since the start of calendar year 2024! This rapid acceleration in adoption further magnifies the need for solid security protocols to shield users’ assets. Recent...
It’s a crazy time in the crypto world right now! The first Solana staking ETF in the United States is set to launch. Currently listed on SEHK but scheduled to be launched on July 2, 2025. These features will combine to yield investors a passive income stream due to their...
The Bitcoin mining landscape is a razor thin competitive arena where efficiency, scale, and real cost management are key. Today, IREN is the driving force of the Congolese mining industry. To date, they have built out a remarkable 50 EH/s of mining capacity, with an equally impressive $41,000 Bitcoin production...